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A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East.
In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously estimated. These costs are 13% lower than BNEF’s previous 2030 forecast and 17% lower than its old 2050 forecast.
In a new report , Navigant Research forecasts that the number of natural gas vehicles (NGVs) on roads worldwide will reach 34.9 The increase is largely driven due to a combination of low-cost natural gas and sustained higher prices for gasoline and diesel in many countries, Navigant suggests. Forecasts Natural Gas'
According to a recent report examining batteries for electric vehicles from Pike Research, as manufacturing efficiencies improve and access to lithium expands, the installed cost of Li-ion batteries will fall by more than one-third by the end of 2017. billion by 2017, the market intelligence firm forecasts. —John Gartner. (In
Pike Research has published an update to its earlier forecasts on xEVs: hybrid (HEVs); plug-in hybrid (PHEVs); and battery electric vehicles (BEVs). As a result of new assumptions, Pike Research has slightly reduced its forecasts for plug-in vehicles (PEVs: PHEVs and BEVs combined) from past forecasts. million in 2020, or 2.1%
The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas.
Australia’s lithium production is forecast to grow from 335,000 tonnes of lithium carbonate equivalent (LCE) in 2021–22 to 399,000 tonnes in 2022–23 and 470,000 tonnes of LCE in 2023–24. In 2022–23 Australia’s export earnings are forecast to more than triple — from $4.9 billion in 2021–22 to $16.1 billion, and $17.0 billion in 2023–24.
In a new report, “ Electric Vans 2020-2030 ”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 Forecast eLCV share of total global LCV market revenue. million units annually by 2030. Source: IDTechEx Electric Vans 2020-2030.
The average cost of a Li-ion battery cell—used to power electric vehicles and to provide flexibility in the power grid as more renewables, such as solar and wind, are added will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS Markit.
A new report from Pike Research forecasts that by 2017 more than 1.5 The firm had earlier forecast more than 5.1 In the majority of households where a dedicated parking spot is available, PEV owners will purchase EVSE because of the convenience and lower cost of electricity. Source: Pike Research. Click to enlarge. Earlier post.)
In a new report , Navigant Research forecasts that light-duty natural gas vehicle (LD NGV) sales will grow 119% between 2014 and 2024, culminating in 42.1 Navigant forecasts only 56,251 LD NGV sales in 2014 in North America. Forecasts Natural Gas' Cumulative light-duty NGV sales by segment. Source: Navigant. Click to enlarge.
The Hydrogen Council has published a new report, Path to Hydrogen Competitiveness: A Cost Perspective , demonstrating that the cost of hydrogen solutions will fall sharply within the next decade, sooner than previously expected. Drop in the cost of components for end-use equipment under scaling up of manufacturing.
Global electric vehicle production forecast for 2014. Although the product is more expensive than a domestic AC charger, suppliers are confident that the cost of a domestic DC charger can be brought down over time, with installations likely in Europe and China. Electric (Battery) Forecasts Hybrids Manufacturing Plug-ins'
Pike Research forecasts that the worldwide market for e-bicycles will grow at a compound annual growth rate (CAGR) of 7.4% Under a more aggressive forecast scenario, worldwide e-bicycle sales could reach 51 million units and $13.2 Source: Pike Research. Click to enlarge. between 2012 and 2018, resulting in global sales of 47.6
Pike Research forecasts that the global market for all electric-drive buses—including hybrid, battery electric, and fuel cell buses—grow steadily over the next. The Africa/Middle East countries will see very little uptake due to the high cost of electric buses and infrastructure, the report finds. from 2012 to 2018.
In a new report , Pike Research forecasts that global sales of electric vehicle (EV) charging equipment (EVSE) will grow at a steady pace from 2012 to 2020 as the global market for plug-in electric vehicles (PEVs) grows. some revenue over and above the cost of the electricity and equipment usage. The data also.
There is scope for cost reductions as volumes increase, the report finds. Automated production processes will be one improvement when sales volumes increase from a few hundred to tens of thousands annually, and the component costs of power electronics modules will also decline.
However, by 2023 inverters and converters in passenger vehicles will dominate by market value as high-volume production is established and cost of ownership and range anxiety are reduced. There is no real possibility of dominance by one provider, the company suggests.
A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. BNEF will discuss its EV forecast in detail at its upcoming annual BNEF Summit in New York in April. Although some 1.3
The US Department of Energy (DOE) released a new report showing significant growth for the fuel cell industry in 2011, and forecasting continued growth through 2012. At the same time, fuel cell durability has doubled, expensive platinum content has been reduced by a factor of five, and the cost of fuel cells has fallen 80% since 2002.
In a new report, Pike Research forecasts that the advanced lead-acid battery (LAB) market will expand at a compound annual growth rate (CAGR) of 19.8% By 2020, Pike Research forecasts that advanced lead-acid batteries will capture roughly 25% of the global battery-based grid storage market, a small subset of the broader energy storage market.
Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). —Logan Goldie-Scot, head of energy storage at BNEF.
In a new report , Navigant Research forecasts that US military spending on alternative drive vehicles (ADVs—including hybrid electric vehicles (HEVs), plug-in electric vehicles (PEVs), and ethanol-powered vehicles—for the non-tactical fleet will increase from more than $435 million in 2013 to $926 million by 2020, a CAGR of 11.4%.
The levelized cost of electricity (LCOE) from new PV plants is forecast to fall a further 71% by 2050, while that for onshore wind drops by a further 58%. Fuel burn trends globally are forecast to be dire in the long run for the coal industry, but moderately encouraging for the gas extraction sector. BNEF sees $1.3
In a new study published in the journal Applied Energy , Carnegie Mellon University (CMU) researchers found that controlled charging of plug-in hybrid electric vehicles (PHEVs) reduces the costs of integrating the vehicles into an electricity system by 54–73% depending on the scenario.
BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date. A year ago, BNEF estimated their impact on road fuel demand at 7.3
Q1 2020 saw monthly average prices fall further to less than US$7,000/t Li 2 CO 3 for the first time since 2014, eroding price increases caused by forecast strong demand growth in the lithium-ion battery industry and uncertainty over future supply. In 2019, monthly average lithium carbonate prices fell 36% between January and December.
Navigant Research forecasts that the transportation segment, with hydrogen demand as a catalyst, will jump-start power-to-gas (P2G) demand and further drive down electrolyzer and other infrastructure costs. Navigant notes that P2G offers benefits to the electric grid through the integration of renewable energy sources.
IDTechEx forecasts that the second-life EV battery market will reach US$7B in value by 2033. The second-life EV battery market adds value to future energy infrastructure, creates a circular economy for electric vehicle (EV) batteries, and provides a lower levelized cost of storage compared to new batteries.
In a new report (its fourth on electric car adoption) the Boston Consulting Group forecasts that a combination of hybrid and fully electric powertrains will cut the global market share of pure internal combustion engines (ICEs) by about 50% by 2030. The low cost of gasoline in the US will yield similar results.
To estimate adoption rates for micro-hybrids and mild hybrids, Lux researchers factored in the adoption of other fuel-saving technologies and modeled cost impact variations, besides estimating the costs of battery replacement and maintenance for these alternative vehicles. million units in the next five years.
The Gigafactory, proposed to be built at a cost of $5 billion, is designed to make 35 GWh Li-ion cells for half a million EVs. Batteries Electric (Battery) Forecasts Vehicle Manufacturers' But at the more likely 240,000 EVs, as estimated by Lux Research, Panasonic would take in only $7 billion on its likely investment of $1.4
According to a new forecast report from Navigant Research, global commercial alternative powertrain medium- and heavy-duty vehicle (MHDV) sales will grow from about 347,000 vehicles in 2016 to more than 820,000 in 2026, representing a CAGR of about 9%. A major factor has always been the cost of battery packs.
This is even more evident when looking at the supply of intermediate products, with cobalt hydroxide accounting for 70% of unrefined supply in 2020 according to Benchmark’s Cobalt Forecast, with the proportion set to grow in the coming years.
The falling cost of batteries is set to drive a boom in the installation of energy storage systems around the world in the years from now to 2040, according to the latest annual forecast from research company Bloomberg NEF (BNEF). trillion in investment over the next 22 years, according to BNEF forecasts.
Referencing earlier work by the National Academy and MIT, German said that the P2 system can deliver 90% of the benefit at 1/3 of the cost of an input powersplit system using planetary gearing, as exemplified by the Toyota and Ford hybrid systems. Click to enlarge. Source: John German, ICCT.
According to a new forecast by Lux Research, the likely 48 V micro-hybrid market will exceed 7 million vehicles in 2024, with the first adoption year beginning in 2015 and more focused on premium vehicles, in which cost sensitivity in order to reach regulation targets without sacrificing performance is lower. 48V Forecasts Hybrids'
ABI Research forecasts global Mobility as a Service (MaaS) revenues will exceed $1 trillion by 2030. Autonomous operation will eliminate the need for paid drivers, cut insurance costs, increase utilization rates to more than 70%, and enable Over the Air-based self-servicing and preventive maintenance.
The study provides an analysis of how these factors, including the cost of hardware, regulations, potential societal benefits, and security and privacy concerns, are projected to affect automakers, hardware and software suppliers, regulators, and intelligent transportation infrastructure operators.
The simulation study demonstrates that efficient control of the energy storage system not only reduces the energy costs of the entire wireless charging road system but also alleviates the pressure produced by the wireless charging load on the existing power grid. —Shi and Gao (2022). —Jie Shi, lead author.
In a new report, “ Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts ”, market research firm IDTechEx concludes that battery-swapping technology currently appears to be a winner in the two- and three-wheeler markets of the Asia-Pacific regions.
Demand for lithium ion batteries is forecast to grow to 3.7 This year is expected to see more than a million tonnes LCE of lithium mined for the first time, according to Benchmark’s Lithium Forecast. Natural and synthetic graphite are forecast by Benchmark to have a combined supply gap of 3.6 The cost of geopolitics.
IHS Markit forecasts that annual global investments in green hydrogen—hydrogen production powered by renewable sources—will exceed US$1 billion by 2023. The elevated investment outlook is attributed to falling costs and policy support from governments looking to shift towards low-carbon economies.
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